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An alternative to proof of work?
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Topic: An alternative to proof of work? (Read 558 times)
cafucafucafu
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An alternative to proof of work?
January 09, 2015, 06:53:03 PM
#1
Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.
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cryptworld
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Re: An alternative to proof of work?
January 09, 2015, 07:31:32 PM
#2
there is proof of stake, but some experts say that it is not as secure as proof of work
ticoti
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Re: An alternative to proof of work?
January 09, 2015, 07:36:18 PM
#3
take a look at this comparison
https://www.cryptocoinsnews.com/bitcoins-future-proof-of-stake-vs-proof-of-work/
you can also mix the systems but One thing is sure, bitcoin will never change its algorithm
jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
Re: An alternative to proof of work?
January 09, 2015, 08:43:45 PM
#4
Quote from: cafucafucafu on January 09, 2015, 06:53:03 PM
Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.
This doesn't seem possible.
How would the network uniquely identify a node? By IP address?
It is easy to get blocks of IPs and broadcast winning blocks from
any one of them.
And what's the motivation behind this idea?
proof LN isn't Decentralized
official Electron Cash wallet
Flashman
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Hodl!
Re: An alternative to proof of work?
January 09, 2015, 08:47:21 PM
#5
Quote from: jonald_fyookball on January 09, 2015, 08:43:45 PM
And what's the motivation behind this idea?
To return the means of production to the proletariat... probably.
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fordlincoln
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Re: An alternative to proof of work?
January 09, 2015, 09:53:21 PM
#6
Proof of existence from Factom
Factom.org
goosoodude
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Re: An alternative to proof of work?
January 09, 2015, 10:34:36 PM
#7
Quote from: cafucafucafu on January 09, 2015, 06:53:03 PM
Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.
I saw a variant of this suggestion some days back. Its not possible, anybody can set up multiple miners and go around it.
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